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The contracts we have on board will fill this factory [Ulsan, South Korea] pretty fast. So, the next step, around 2013, will be to look into a plant for Europe.

Bohr said that additional contracts that are expected to come from automakers in the U.S. would make building a facility in North America the next logical step, but that determination won't be made until deals are finalized and SB LiMotive confirms that there is ample demand for its li-ion battery packs.